Underlying borrowers have accumulated significant amount of home equity in their homes, to a weighted average (WA) original ...
The trust features early amortization event triggers, including excess spread percentages falling below the required amount ...
The notes can withstand breakeven default levels of 73.38%, 57.8%, 40.71% and 34.17%, respectively. Those levels surpass the ...
Sagard Private Credit Fund's private credit investments will consist mainly of private loans originated by Sagard with ...
The senior tranche will sell a mix of floating and fixed-rate notes, benefiting 22.5% in credit support. The class B notes ...
Further, the assets have a loan-to-value ratio of about 52%, with a cashflow that can withstand large haircuts.
Delinquency rates for consumer ABS have been rising for several quarters, and the trend is expected to continue at least for ...